RAS question
What is the share of private sector in GFCF for 2023-24?
Correct answer: (D) 78.27%.
In Rajasthan, the private sector's share in Gross Fixed Capital Formation for 2023-24 was 78.27%.
Explanation
Gross Fixed Capital Formation, or GFCF, measures investment in fixed assets by taking the value of assets acquired, less disposals, with certain additions to non-produced assets. Rajasthan's Economic Review 2024-25 records that, at current prices, total assets for 2023-24 were estimated at Rs 4,48,061 crore, equal to 29.45% of GSDP, and that GFCF rose by 11.65% over 2022-23. Within that 2023-24 GFCF, the private sector contributed 78.27%, while the public sector contributed 21.73%. The private sector therefore forms the dominant share, making 78.27% the correct answer.
Why the other options are wrong
- (A) 65% understates the private-sector contribution, which the Economic Review gives as 78.27% for 2023-24.
- (B) 21.73% is the public-sector share in Rajasthan's 2023-24 GFCF, not the private-sector share.
- (C) 85% overstates the private-sector contribution; the recorded private-sector share is 78.27%.
Concept
This tests the Rajasthan economy syllabus area on capital formation and sectoral contribution to investment. RAS repeatedly uses such Economic Review figures because they link macro indicators like GFCF with the State's growth and infrastructure narrative.